| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Best |
| Demographics | 57th | Good |
| Amenities | 45th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 710 N Enterprise St, Bowling Green, OH, 43402, US |
| Region / Metro | Bowling Green |
| Year of Construction | 1997 |
| Units | 28 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
710 N Enterprise St, Bowling Green OH Multifamily Investment
Renter concentration is high in the surrounding neighborhood, supporting a deeper tenant base and steadier occupancy, according to WDSuite’s CRE market data. Pricing power may be moderated by local incomes, so asset performance hinges on disciplined lease management and product differentiation.
The property sits in an Inner Suburb of the Toledo metro with an A- neighborhood rating (ranked 41 out of 244 metro neighborhoods). The area’s housing stock is older on average (1932), which positions this 1997-vintage asset as relatively newer competition—often translating to less immediate capital needs while still allowing targeted value-add upgrades to meet renter expectations.
Local amenity access is mixed. Restaurant density is strong (top quartile nationally, 96th percentile) and grocery options are comparatively abundant (83rd percentile), while cafes, parks, and pharmacies are sparse within the neighborhood. For investors, this typically favors day-to-day convenience for residents but suggests limited lifestyle amenities within walking distance.
Renter demand fundamentals are a core strength. The neighborhood shows a high share of renter-occupied housing units (ranked 10 out of 244), indicating a deep multifamily tenant pool and potential for stable leasing. Neighborhood occupancy is near metro norms, which points to durable baseline demand, while a smaller average household size versus national norms often supports ongoing apartment need.
Within a 3-mile radius, demographics show households have increased in recent years despite modest population contraction, with forecasts calling for further household growth and smaller household sizes by 2028. This pattern typically expands the renter pool and supports occupancy stability. Elevated ownership costs relative to income in the neighborhood (90th percentile value-to-income ratio) tend to reinforce reliance on rental housing, though a higher rent-to-income ratio (low national percentile) signals affordability pressure that should be accounted for in renewal and rent-setting strategies.
Safety indicators compare favorably in national context. Neighborhood measures for violent and property offenses fall into higher national percentiles (safer relative to many U.S. neighborhoods), with recent year-over-year declines in both categories, according to WDSuite’s CRE market data. These are directional signals rather than block-level certainties and should be paired with on-the-ground due diligence.
Regional corporates support a steady commuter base, which can aid renter retention and leasing consistency. Key nearby employers include Owens-Illinois, Dana, Dana Holding, Owens Corning, and Marathon Petroleum.
- Owens-Illinois — packaging HQ (10.1 miles) — HQ
- Dana — corporate offices (13.1 miles)
- Dana Holding — corporate offices (13.1 miles) — HQ
- Owens Corning — building materials HQ (19.1 miles) — HQ
- Marathon Petroleum — energy HQ (23.9 miles) — HQ
This 28-unit, 1997-built asset competes favorably against an older neighborhood baseline, offering relative quality with optionality for targeted upgrades. High renter concentration and solid neighborhood occupancy support demand resilience, while strong restaurant and grocery access enhances day-to-day livability. According to commercial real estate analysis from WDSuite, elevated ownership costs relative to income locally tend to sustain reliance on rentals, though affordability pressure warrants disciplined rent growth and renewal strategies.
Forward-looking demographics within a 3-mile radius point to more households and smaller household sizes by 2028—conditions that typically expand the renter pool and support occupancy stability. Investors should balance this with the neighborhood’s limited park/cafe infrastructure and manage to value through focused CapEx that differentiates unit finishes and common areas.
- 1997 vintage offers competitive positioning versus older neighborhood stock with value-add potential
- High renter-occupied share signals deep tenant base and stable leasing
- Strong restaurant and grocery access supports livability and retention
- Household growth and smaller household sizes (3-mile radius) support occupancy over time
- Risks: affordability pressure and limited park/cafe supply call for careful rent-setting and amenity upgrades